8. Income Taxes

3 Months Ended

Jun. 30, 2012

Income Taxes

Income Tax Disclosure [Text Block]

8. Income Taxes

The Company’s forecasted effective tax rate at June 30, 2012 is 37.4%, a 2.8 percentage-point increase from the 34.6% effective tax rate recorded at December 31, 2011.  The increase is primarily attributable to the expiration of the U.S. research and development credit on December 31, 2011.  The effective tax rate recorded for the quarter ending June 30, 2012 is 48.6%.  The difference between the forecasted effective tax rate and the rate recorded is primarily due to discrete items related to uncertain tax positions. The reserve for uncertain tax positions increased by approximately $123 during the quarter ended June 30, 2012 as a result of derecognition of tax benefits recognized in a prior period. 

Accrued liabilities as of June 30, 2012 and December 31, 2011 include accrued income taxes payable of $294 and $300, respectively.